Black Stats Frequently requested
data on African American consumers
Black Buying Power:
$836 Billion (2010)
Black U.S. Population:
Top Five Black Cities
- New York
Top Five Black Metros:
- New York-New Jersey
- Los Angeles
Top Five Expenditures:
- Housing $203.8 bil.
- Food $65.2 bil.
- Cars/Trucks $29.1 bil.
- Clothing $29.3 bil.
- Health Care $23.6 bil. ______________________
Quick access to key stats
Click here to go to African-American Census Bureau
2011 by Target Market News Inc. All rights reserved
228 S. Wabash Ave.
Chicago, IL 60604
JPMorgan Chase investment unit buys stake in Johnson Publishing Co.
(Johnson Publishing Company released the following announcement today
regarding the sale of a minority equity stake in the company.)
(July 6, 2011) Johnson Publishing Company, Inc., the nation's preeminent
publisher of EBONY and JET magazines and owner of Fashion Fair
Cosmetics, a global prestige cosmetics brand for women of color, today
announced that JPMorgan Chase's Special Investments Group (SIG) will
become an investor in the company. Terms of the investment were not
Linda Johnson Rice, chairman of Johnson Publishing Company, said, "J. P.
Morgan Chase's investment in our firm is a logical outgrowth of our
longstanding relationship. It positions Johnson Publishing for
continued growth as a family-owned publisher of the Black community's
most-trusted media brands by providing financial resources to take our
iconic EBONY and JET magazines to the next level and accelerate our
growth strategy for Fashion Fair Cosmetics."
"We are grateful for the support of our readers, advertisers and
business partners, and we are excited about the future opportunities
this investment creates for our company," Rice added.
EBONY and JET have served the Black community for more than 60 years.
With circulation of 1.25 million copies per month and 800,000 per week,
they are the number 1 and 3 publications, respectively, focused on Black
America. Launched in 1973, Fashion Fair Cosmetics is a global prestige
cosmetics brand for women of color that is currently sold in the United
States, Canada, the United Kingdom, France and the Caribbean.
Greg O'Hara, head of SIG, said, "We are delighted to partner with our
client Johnson Publishing Company, with which we have worked for more
than 40 years. This investment demonstrates our commitment to Johnson
Publishing's iconic brands, which have stood the test of time."
(Exclusive details about the this story will be posted later today on
ORDER TODAY! New
"Buying Power" report: Black consumers spend as economy grows Details $507
expenditures African-American consumers are cautiously increasing their
spending in some key product categories, even as they continue to make
adjustments in a slowly growing economy. The finding comes from the 16th annual edition of "The Buying Power of Black America"
report published by Target Market News..
In 2009, black households spent an estimated $507 billion in 27 product
and services categories. That's an increase of 16.6% over the $435 billion
spent in 2008. African-Americans" total earned income for 2009 is
estimated at $836 billion...